MIRA
INFORM REPORT
|
Report Date : |
25.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED |
|
|
|
|
Formerly Known
As : |
MEGHA ENGINEERING ENTERPRISES |
|
|
|
|
Registered
Office : |
S-2 Technocrats Industrial Estate (T.I.E.), Balanagar,
Hyderabad-500037, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
07.06.2006 |
|
|
|
|
Com. Reg. No.: |
01-050271 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1500.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202AP2006PLC050271 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM7627A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Construction and Infrastructure Development. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 33000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having a satisfactory track
record. The management has failed to file its latest financial with the
government department. As per previous year’s, the financial position of the company appears
to be strong. Trade relations are reported to be fair. Business is active.
Payments are reported to be usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : BBB |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of financial
obligation it carry moderate credit risk. |
|
Date |
July, 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
S-2 Technocrats Industrial Estate (T.I.E.), Balanagar,
Hyderabad-500037, Andhra Pradesh, India |
|
Tel. No.: |
91-40-44336700 |
|
Fax No.: |
91-40-44336800 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 01.08.2011
|
Name : |
Mr. Pitchi Reddy Pamireddy |
|
Designation : |
Director |
|
Address : |
Plot No.46, Pavan Vihar Colony, Bowenpally, Secunderabad-50001, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.10.1957 |
|
Date of Appointment : |
01.08.2009 |
|
PAN No.: |
AANPP8623K |
|
DIN No.: |
01450174 |
|
|
|
|
Name : |
Mr. Venkatakrishna Reddy Puritipati |
|
Designation : |
Managing director |
|
Address : |
Plot No 46, Road No. 72, Prashasan Nagar, IPS Colony, Jubilee Hills Hyderabad-500033, Andhra Pradesh, India |
|
Date of Birth/Age : |
30.06.1969 |
|
Date of Appointment : |
07.06.2006 |
|
PAN No.: |
AAQPP7020H |
|
DIN No.: |
01815061 |
|
|
|
|
Name : |
Mr. Nadipineni Thirupathi Rao |
|
Designation : |
Whole-time director |
|
Address : |
Plot No.101, Sagar Society, Banjara Hills, Road No.2, Hyderabad-500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.02.1953 |
|
Date of Appointment : |
28.11.2009 |
|
PAN No.: |
ABFPN3611A |
|
DIN No.: |
00055610 |
|
|
|
|
Name : |
Mr. Reddy Ravi Peddinti |
|
Designation : |
Director |
|
Address : |
N 3/33, IRC Village, Nayapalli,Bhubaneswar–751015, Orrissa |
|
Date of Birth/Age : |
24.06.1964 |
|
Date of Appointment : |
01.09.2008 |
|
DIN No.: |
00866243 |
|
|
|
|
Name : |
Mr. Rama Reddy Pamireddy |
|
Designation : |
Director |
|
Address : |
Plot No.46, Pavan Vihar Colony, Bowenpally, Secunderabad-50001, Andhra Pradesh, India |
|
Date of Birth/Age : |
28.05.1967 |
|
Date of Appointment : |
07.06.2006 |
|
DIN No.: |
01614179 |
|
|
|
|
Name : |
Mr. Puritipaati Sudharani |
|
Designation : |
Director |
|
Address : |
Plot No 46, Road No. 72, Prashasan Nagar, IPS Colony, Jubilee Hills Hyderabad-500033, Andhra Pradesh, India |
|
Date of Birth/Age : |
10.12.1978 |
|
Date of Appointment : |
01.09.2008 |
|
DIN No.: |
02061208 |
|
|
|
|
Name : |
Mr. Doraiah Palimpati |
|
Designation : |
Whole-time director |
|
Address : |
8-3-320/G/106, Yellareddy Guda, Yousuf Guda, Hyderabad-500073, Andhra Pradesh, India |
|
Date of Birth/Age : |
12.06.1957 |
|
Date of Appointment : |
28.11.2009 |
|
PAN No.: |
ACUPP3799B |
|
DIN No.: |
02120726 |
|
|
|
|
Name : |
Mr. Srinivasa Reddy Bonthu |
|
Designation : |
Whole-time Director |
|
Address : |
Plot No 29, Nizampet Road, Vijetha Green Homes, Kukatpally, Hyderabad, 500072, Andhra Pradesh, INDIA |
|
Date of Birth/Age : |
10.08.1969 |
|
Date of Appointment : |
28.11.2009 |
|
PAN No.: |
AHTPB0699J |
|
DIN No.: |
02331802 |
|
|
|
|
Name : |
Mr. Venkateswara Pradeep Karumuru |
|
Designation : |
Whole-time Director |
|
Address : |
15-31-RTP-1-NI-8-D/01/05, KPHB Mig-Flats, V Phase, KPHB Colony, Hyderabad-500072, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.05.1963 |
|
Date of Appointment : |
28.11.2009 |
|
PAN No.: |
AODPK4368L |
|
DIN No.: |
02331853 |
KEY EXECUTIVES
|
Name : |
Mr. J K Chakravarthy Muvvala |
|
Designation : |
Secretary |
|
Address : |
8C, Progressive Colony, Manovikas Nagar, Bowenpally, Secundrabad, Andhra Pradesh, India |
|
Date of Birth/Age : |
18.08.1976 |
|
Date of Appointment : |
24.12.2008 |
|
PAN No.: |
ADMPC2324A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 01.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
P.P.Reddy |
|
76483875 |
|
P.V.Krishna Reddy |
|
73470000 |
|
P. Rama Reddy |
|
18750 |
|
P. Sudha Rani |
|
18750 |
|
P. Manjali Reddy |
|
7500 |
|
P. Rajesh Reddy |
|
375 |
|
P.V.Subba Reddy |
|
375 |
|
P. Raja Reddy |
|
375 |
|
Total |
|
150000000 |
Alllottees as on 26.09.2011
|
Names of Alllottees |
|
No. of Shares |
|
P. Sumanth Reddy |
|
1666 |
|
B. Neelima |
|
4167 |
|
B. Nandana |
|
4167 |
|
Total |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
As on 01.08.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction and Infrastructure Development. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· Bank of India, 10-1-1199/2, PTI Building, 2nd Floor, A.C.Guards, Hyderabad - 500004, Andhra Pradesh, India · Andhra Bank, Balangar Branch, T.I.E, Balanagar, Hyderabad - 500037, Andhra Pradesh, India · State Bank of Travancore, 3rd Floor,Vayudhooth Chambers, Trinity Junction, 15-16, M.G.Road, Bangalore - 560001, Karnataka, India · HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower, Parel W, Mumbai - 400013, Maharashtra, India · ICICI Bank Limited, ICICI Bank Towers, 1-11-256, Level IV, Begumpet, Hyderabad - 500016, Andhra Pradesh, India |
|||||||||||||||
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|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Magma Fincorp Limited, Magma House, 24 Park Street, Kolkata - 700016, West Bengal, India |
|
|
|
|
Auditors : |
|
|
Name : |
Darapaneni and Company Chartered Accountants |
|
Address : |
D-410, Krishna Apartments, Ameerpet, Hyderabad, Andhra Pradesh, India |
|
PAN No.: |
AAGFD6406K |
|
|
|
|
Subsidiaries : |
· Meil Green Power Limited, India CIN No.: U40108AP2011PLC072056 · Meil Holdings Limited, India CIN No.: U67190AP2009PLC064573 · Meil Media Limited, India CIN No.: U92419AP2009PLC064563 · Meil Advanced Systems Limited, India CIN No.: U72900AP2009PLC064883 |
|
|
|
|
Associate : |
· Megha Fibre Glass Industries Limited, India CIN No.: U74999AP2006PLC051913 |
|
|
|
|
Relatives of Key
management :personnel |
· Interactive Data Systems Private Limited, India CIN No.: U72900AP2010PTC068993 · Interactive Corporation, India |
CAPITAL STRUCTURE
As on 01.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Rs.10/- each |
Rs. 2000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000000 |
Equity Shares |
Rs.10/- each |
Rs. 1500.000 Millions |
|
|
|
|
|
After 01.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Rs.10/- each |
Rs. 2000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150010000 |
Equity Shares |
Rs.10/- each |
Rs. 1500.100 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1500.000 |
500.000 |
198.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
6742.464 |
4582.833 |
2211.459 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
8242.464 |
5082.833 |
2409.959 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1559.158 |
1225.083 |
850.547 |
|
|
2] Unsecured Loans |
3411.313 |
1559.351 |
2364.267 |
|
|
TOTAL BORROWING |
4970.471 |
2784.434 |
3214.814 |
|
|
DEFERRED TAX LIABILITIES |
75.010 |
49.992 |
38.056 |
|
|
|
|
|
|
|
|
TOTAL |
13287.945 |
7917.259 |
5662.829 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1060.388 |
840.962 |
667.477 |
|
|
Capital work-in-progress |
286.457 |
51.741 |
45.768 |
|
|
|
|
|
|
|
|
INVESTMENT |
3255.071 |
2687.425 |
6.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
459.675
|
692.224 |
166.448 |
|
|
Sundry Debtors |
9797.527
|
4802.336 |
4356.564 |
|
|
Cash & Bank Balances |
6313.197
|
5473.171 |
3666.333 |
|
|
Other Current Assets |
914.452
|
885.084 |
1222.736 |
|
|
Loans & Advances |
7003.586
|
4250.742 |
2970.363 |
|
Total
Current Assets |
24488.437
|
16103.557 |
12382.444 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
10331.906
|
7252.806 |
6320.201 |
|
|
Other Current Liabilities |
4993.399
|
4057.772 |
1118.659 |
|
|
Provisions |
477.103
|
455.848 |
0.000 |
|
Total
Current Liabilities |
15802.408
|
11766.426 |
7438.860 |
|
|
Net Current Assets |
8686.029
|
4337.131 |
4943.584 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
13287.945 |
7917.259 |
5662.829 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
29027.120 |
23452.168 |
23193.482 |
|
|
|
Other Income |
522.005 |
365.443 |
87.405 |
|
|
|
TOTAL (A) |
29549.125 |
23817.611 |
23280.887 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
10412.767 |
|
|
|
|
|
Manufacturing service costs |
1035.932 |
1391.471 |
20574.231 |
|
|
|
Contract cost |
11439.208 |
8618.987 |
|
|
|
|
Employee related expenses |
387.308 |
251.182 |
|
|
|
|
Administrative selling other expenses |
1105.679 |
1156.624 |
|
|
|
|
Prior period items |
4.026 |
4.963 |
|
|
|
|
TOTAL (B) |
24384.920 |
19403.440 |
20574.231 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
5164.205 |
4414.171 |
2706.656 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
294.044 |
238.486 |
286.724 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4870.161 |
4175.685 |
2419.932 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
77.814 |
38.587 |
33.694 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
4792.347 |
4137.098 |
2386.238 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1574.605 |
1407.420 |
852.371 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
3217.742 |
2729.678 |
1533.867 |
|
|
|
|
|
|
|
|
|
Adds |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4376.833 |
1905.460 |
652.875 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
200.000 |
200.000 |
|
|
|
Dividend |
NA |
50.000 |
19.850 |
|
|
|
Tax on Dividend |
NA |
8.305 |
11.807 |
|
|
|
Interim Dividend |
NA |
0.000 |
49.625 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
4376.833 |
1905.460 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
74.368 |
26.225 |
156.436 |
|
|
|
Stores and Consumables |
0.043 |
3.851 |
0.000 |
|
|
|
Construction Materials |
157.879 |
396.123 |
14.751 |
|
|
TOTAL IMPORTS |
232.290 |
426.199 |
171.187 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
21.45 |
54.72 |
30.77 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
10.89
|
11.46 |
6.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
16.51
|
17.64 |
10.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.76
|
24.42 |
18.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.58
|
0.81 |
0.99 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.60
|
0.55 |
1.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55
|
1.37 |
1.66 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONAL
PERFORMANCE
The Company has achieved a turnover of Rs.29027.100 millions for the year ended 31st March 2011 as against the turnover of Rs.23452.200 millions for the year ended 31st March 2010. Gross Profit increased from Rs.4625.300 millions in 2009-10 to Rs.5378.000 millions in 2010-11 before Interest and Depreciation. After deducting Interest and Finance charges of Rs.507.800 millions, providing a sum of Rupees Rs.77.800 millions towards depreciation and an Income Tax provision of Rs.1573.200 millions for the year 2010-11, the operations resulted in Net Profit of Rs.3219.100 millions as against Rs. 2729.700 millions in 2009-10.
FUTURE OUTLOOK
For Infrastructure business, numerous opportunities are available across the globe and further more in each and every state of India, as Union Government set US$ 500 billion target for development of Infrastructure by 2015, towards the major sectors like Power, Port, Road, Railways, Irrigation and Water Supplies Segments etc. The company has gained the following strengths during the Financial
UNSECURED LOAN
|
Particulars |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
In Millions) |
|
Other debt unsecured |
3411.313 |
1559.351 |
|
Total |
3411.313 |
1559.351
|
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U45202AP2006PLC050271 |
|
Name of the company |
MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
S-2 Technocrats Industrial Estate (T.I.E.), Balanagar,
Hyderabad-500037, Andhra Pradesh, India E-mail: gvsr@meilgroup.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge |
|
Particular of charge holder |
State Bank of Travancore, 3rd Floor,Vayudhooth Chambers, Trinity
Junction, 15-16, M.G.Road, Bangalore - 560001, Karnataka, India E-mail: ifbbangalore@sbt.co.in
|
|
Nature of instrument creating charge |
Agreement of hypothecation of goods and assets |
|
Date of instrument Creating the charge |
18.03.2013 |
|
Amount secured by the charge |
Rs. 1000.000 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest 3% above Base Rate presently 10.25% and 0.25% incentive for external
rating BBB Effective Rate 13% Terms of Repayment Cash Credit of Rs.100.000 millions repayable on demand. Margin For Cash credit: Raw material -
25% Stock
in process-25%
Receivables (Cover 120 days)- 50% Bank Guarantee : 5% Letter of Credit : 5% Extent and Operation of the charge The Charge Covers Entire Credit Facilities aggregating to Rs.1000.000
millions plus Interest, additional interest, penal Interest, Costs, Charges
and expenses., etc. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
First charge on entire current assets (present and future) of the
company on pari-passu basis with other working capital lenders. Collateral Security: First pari passu charge with other working
capital lenders over unencumbered fixed assets of the Company. Cash Collateral security (Exclusive chare to State Bank of Travancore)
is Rs.28.700 millions Personal Guarantee of Mr.P.P.Reddy, Mr.P.V.Krishna Reddy, and
Mrs.P.Rama Reddy |
CONTINGENT
LIABILITIES NOT PROVIDED FOR:
Bank Guarantee / Letters of Credit issued by banks on behalf of Company
(Net of margin money aggregating to Rs. 544.100 millions) Rs. 2867.800 millions
Bank Guarantee / Letters of Credit issued by banks on behalf of Joint Ventures
/ Consortium etc., (Net of margin money aggregating to Rs. 1472.200 millions)
Rs. 7836.500 millions
FIXED ASSETS
· Land
· Office building
· Other building
· Plant machinery
· Computer equipments
· Furniture fixtures
· Equipments
· Vehicles
·
Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54330 |
|
|
1 |
Rs.82.88 |
|
Euro |
1 |
Rs.70.80 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.